UNIVERSAL REGISTRATION DOCUMENT 2023

7 FINANCIAL STATEMENTS Combined financial statements and notes

19.3 Change in insurance contract assets and liabilities: details of the liability for remaining coverage (LRC) and incurred claims (LIC) 19.3.1 Change in insurance contract assets and liabilities: details of the liability for remaining coverage (LRC) and incurred claims (LIC) – non ‑ PAA

31.12.2022

31.12.2023

Liability for remaining coverage (LRC)

Liability for incurred claims (LIC)

Liability for remaining coverage (LRC)

Liability for incurred claims (LIC)

Total

Total

No onerous component

Onerous component Total LRC

No onerous component

Onerous component Total LRC

(in millions of euros)

Opening assets

(18)

0

(18)

7

(11)

(42)

(42)

26

(17)

Opening liabilities

52,366 52,348

42 52,408 42 52,390

196 52,604 63,043 203 52,594 63,001

16 63,059 16 63,017

230 63,290 256 63,273

OPENING NET BALANCE

Contracts valued using the modified retrospective approach Contracts valued using the fair value approach Contracts valued using the full retrospective approach & other contracts Incurred claims and other insurance expenses Amortisation of acquisition cash flows Losses and write ‑ backs of losses on onerous contracts Adjustments to liabilities for incurred claims Insurance service income

(1,392)

(1,392)

(1,392)

(1,658)

(1,658)

(1,658)

(15)

(15)

(15)

(20)

(20)

(20)

(41)

(41)

(41)

(37)

(37)

(37)

(1,448)

(1,448)

(1,448)

(1,715)

0 (1,715)

0 (1,715)

(8)

(8)

320

312 108

(12)

(12)

293

282

108

108

95

95

95

(5)

(5)

(5)

37

37

37

756

756

0

689

689

Insurance service expenses

108

(13)

94

1,075 1,170

95

25 (0)

120

982 1,103

Deposit component

(3,617) (4,958)

(8)

(3,626) (4,979)

3,626

0 (3,223)

(3,223)

3,223

0

Insurance service result

(22)

4,701 (279)

(4,843)

25 (4,818)

4,205 (612)

Financial income or expenses from insurance contracts Impact of exchange rate changes Total changes in the income statement and other comprehensive income

3,412

0 3,412

2 3,414 (8,912)

1 (8,911)

(18)

(8,929)

24

0

24

(0)

24

(44)

(0)

(44)

(1)

(45)

(1,522)

(22)

(1,544)

4,703 3,159 (13,799)

26 (13,773)

4,186 (9,586)

Premiums

3,109

3,109

3,109 3,281

3,281

3,281

Claims and other insurance expenses, including the deposit component

(4,696)

(4,696)

(4,224)

(4,224)

Acquisition costs Total cash flow

(119)

(119)

(119)

(137)

(137)

(137)

2,990

0 2,990

(4,696)

(1,705)

3,144

0 3,144

(4,224)

(1,079)

Change in scope, portfolio transfer, and other

(12) (34)

(0)

(12) (29)

13 14

1

2

0 0

2

(15)

(14) (11)

Assets in inventory

5

(15)

(18)

(18)

7

Liabilities in inventory

53,839 53,805

15 53,854 20 53,825

209 54,063 52,366 223 54,048 52,348

42 52,408 42 52,390

196 52,604 203 52,594

INVENTORY BALANCE

The figures presented for 31 December 2022 are pro forma .

266

Universal Registration Document 2023 GROUPAMA ASSURANCES MUTUELLES